Victorino received an invitation to the big league camp and will earn $1 million in salary if he makes the club. He reportedly can achieve up to another $1 million in performance bonuses.
The two-time All-Star will compete for a reserve outfielder spot on the Cubs.
"I'm excited for the opportunity here at spring training," Victorino told reporters. "I understand the passion of Cubs' fans."
Victorino, who has a .275 career average over 12 major-league season, admitted he isn't interested in playing at Triple-A and is banking on making the major-league squad.